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Analysts Offer Insights on Technology Companies: Nvidia (NVDA), II-VI (IIVI) and Salesforce (CRM)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Nvidia (NVDAResearch Report), II-VI (IIVIResearch Report) and Salesforce (CRMResearch Report) with bullish sentiments.

Nvidia (NVDA)

BMO Capital analyst Ambrish Srivastava maintained a Buy rating on Nvidia today and set a price target of $230.00. The company’s shares closed last Wednesday at $172.22, close to its 52-week low of $140.55.

According to TipRanks.com, Srivastava is a 5-star analyst with an average return of 10.6% and a 64.8% success rate. Srivastava covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Skyworks Solutions.

Nvidia has an analyst consensus of Strong Buy, with a price target consensus of $223.90, implying a 31.6% upside from current levels. In a report released today, Credit Suisse also maintained a Buy rating on the stock with a $205.00 price target.

See the top stocks recommended by analysts >>

II-VI (IIVI)

In a report released today, Simon Leopold from Raymond James maintained a Buy rating on II-VI, with a price target of $80.00. The company’s shares closed last Wednesday at $54.88.

According to TipRanks.com, Leopold is a 5-star analyst with an average return of 8.4% and a 57.0% success rate. Leopold covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Hewlett Packard Enterprise, and Dell Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for II-VI with a $68.70 average price target, a 18.0% upside from current levels. In a report issued on August 17, Benchmark Co. also maintained a Buy rating on the stock with a $85.00 price target.

Salesforce (CRM)

In a report released today, Keith Bachman from BMO Capital maintained a Buy rating on Salesforce, with a price target of $207.00. The company’s shares closed last Wednesday at $180.01, close to its 52-week low of $154.55.

According to TipRanks.com, Bachman is a 4-star analyst with an average return of 5.9% and a 53.8% success rate. Bachman covers the Technology sector, focusing on stocks such as International Business Machines, TELUS International (CDA), and Qualtrics International.

Currently, the analyst consensus on Salesforce is a Strong Buy with an average price target of $228.55, which is a 29.4% upside from current levels. In a report released today, Credit Suisse also maintained a Buy rating on the stock with a $250.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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